Even as the Govt. wonders why people (and pension trustees) don't wan't to invest in UK firms, the Financial Conduct Authority concludes that just over 40% of all take-overs in the UK are preceded by 'suspicious trading' in the two days before announcement; given that such insider trading could also be happening before that period, the figure of 40% is most likely an underestimate.
People think the UK share market s rigged, and as this shows, indeed it is!
#investment #politics
h/t FT
